Thu, May 09, 2024
Section 269SS of the Income Tax Act stipulated that an individual cannot accept a deposit or loan made by another person other than in the specified modes of payment. Under the section, the permissible cash limit is Rs 20,000.
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Tue, May 07, 2024
The new rules of RBI will not have any significant impact on the company... The draft guidelines will not have any impact on the company's profits... The company will grow by 15-20% in the next 5 years.. The company will soon be NPA free: Vivek Kumar Devangan, CMD, REC
Mon, May 06, 2024
Infrastructure-related NBFC stocks such as REC, IREDA and PFC plunged more around 6-12 per cent.
Sun, Aug 08, 2021
Price of Series V SGB will be Rs 4,790 per gram of fold for offline investors. For online buyers, there is a discount of Rs 50 per 10 gram and the SGB is available at Rs 4,740 per 10 gram
Fri, Aug 06, 2021
Reserve Bank Governor Shaktikanta Das said that the economy is recovering from the second wave of Corona. The balance of supply and demand has deteriorated, which is gradually being brought back on track.
The assertion came amid reports that many small businesses had suffered freezing of accounts after the July 31 deadline for revised norms.
Governor Shaktikanta Das earlier made it clear that RBI continues to have concerns with the private DCs which are not regulated and has conveyed the same to the government.
The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 per cent.
The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy is yet to recover from the impact of second COVID wave.
RBI Monetary Policy August 2021 MPC REVIEW ANNOUNCEMENT LIVE UPDATES: The RBI's rate-setting panel MPC began its three-day deliberations on Wednesday
Wed, Aug 04, 2021
RBI has cautioned the public from falling prey to offers of buying or selling of old bank notes and coins.
Earlier, the Reserve Bank of India had set a deadline of 31 July 2021.
The Reserve Bank of India (RBI) has cautioned the public against falling prey to offers to buy or sell old banknotes and coins. Watch this report of Zee News.
The Reserve Bank of India has changed the National Automated Clearing House (NACH) rules, and these new banking rules have already come into effect from August 1, 2021.
Sun, Aug 01, 2021
The RBI is scheduled to announce its bi-monthly monetary policy review on August 6 at the end of the three-day meeting -- August 4-6 -- of the Monetary Policy Committee (MPC)
Thu, Jul 29, 2021
The RBI on Thursday cancelled the licence of The Madgaum Urban Co-operative Bank Limited, Margao, Goa, as the bank with its current financial position would be unable to pay its present depositors in full
Wed, Jul 28, 2021
PSPs include prepaid payment instrument (PPI) issuers, card networks, white label ATM (WLA) operators and trade receivables discounting system (TReDS) platforms.
The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty of Rs 5 crore on Axis Bank for contravention of certain provisions of directions issued by the RBI, including on cybersecurity framework. WATCH | Click on Zee Business Live TV Streaming Below:
Mon, Jul 26, 2021
Under the new rules, the National Automated Clearing House (NACH) services will be available seven days a week.
Thu, Jul 22, 2021
Central Bank Digital Currency (CBDC) is needed to protect consumers from the "frightening level of volatility" seen in some of the virtual currencies which have no sovereign backing, RBI Deputy Governor T Rabi Sankar said on Thursday
Thu, Jul 15, 2021
The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic customers on its network from July 22, 2021. According to RBI, the action has been taken against Mastercard for violating the central bank's norms on storage of payment systems data.
Attributing the rise in inflation to the supply side disruptions on account of the pandemic and hardening of commodity prices in the international market, the RBI article opined that these factors should ease over the year as supply-side measures take effect
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